International City - Park Views, Phase III

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defosco

New Member

Hi there, Just over a year ago we put down a deposit for a Studio flat in Park Views. Has anyone else bought a property in this area? It was meant to be completed by September this year (2007) but with obvious delays I don't think it's even been started. We don't get much news from the people managing the sale and we always have to contact them to get any updates. We're starting to get worried now and I was trying to find some reassurance....

Debbie

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wahid121

New Member

Hello defosco, I bought from Besthomes, but the master developers are Nakheel, I have been told they are not releasing the land for construction work to begin. Although I have not been able to get Nakheel to confirm whether this is the case. Regards, to your purchase, who did u but it off, and who are the developers, also what area is Park Views?

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defosco

New Member

we bought it through Investors Provident but gdpinvestments have now taken over. The Property Platform were also involved at one point. to be honest i'm not sure who did what, it's hard to keep track of it all! I just got an e-mail today from GDPinvestments stating: "The PSA’s are in final draft format and Nakheel the master developer have confirmed that these will be issued in conjunction with the final permit and the commencement of full construction once the developer status has been agreed with the lands dept, which is currently in hand."

i'm not exactly sure of which part park view will be though. i'm quite happy to wait as the prices are increasing steadily and we've probably already made at least our 30% deposit back. we don't need to pay any more until completion so for a very small initial investment it'll be worth more once finished (hopefully!)

let us know if you hear anything!

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g4set

New Member

Hi I also bought a 1 bed apartment in 'Park Lane' development - Acording to press release it is due for completiom late 2008 or 2009. Lets hope this is so because originally it was due jan 2008 If I hear any more I will let you know There is also a forum on eye on the world property

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muqarabin

New Member

I bought a 1 bed apartment in Cambridge Residence and I am told completion is Dec2008....... Anybody have any picture of International City Phase III...is it close to the current International City. I hear it is next to the Dubai Silicon Oasis...that should make it a fantastic investment with potential of huge capital growth.

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g4set

New Member

Who told you they would be finished Dec 08 - last I heard they hadn't even got final ok to start building? Dec 07 was last update I have some picture of the desert where they are supposed to be putting in the infastructure. Problems with services drains power etc. So many buildings going up infastructure not in place.

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muqarabin

New Member

I believe Cambridge Residence is being built by GPD Investments (UK) Ltd. I still spoke to them this morning and they said they still expect to complete cambridge residence in Dec08, they said the building work is just set to start on Cambridge. Now they are either on target to meet the Dec08 schedule for cambridge residence or they are just taking the p!55. but that is the information I have.

They said to me this morning that they have six developements on Phase III

The other 5 are Eton, Mayfair, Oxford, Kensington & Park Lane in the England Part of IC Phase III.

They are starting with Cambridge and expect to finish it in Dec08. Now may be they just told me that because I bought my 1 bed in Cambridge.

muqarabin

New Member

It wouldnt surprise me as I have given up hope of Cambridge residence being completed for Dec2008. Dreamshome ww went to dubai last month and they sent me pictures of their trip and all that was evident is vast lands being prepared for construction...they have not even dug foundations yet so I wont lose sleep over completion and time soon

defosco

New Member

Hi guys! well, further to my previous post (about sending an e-mail to GDP) I've had a very swift response in deed (literally a couple of hours!). Here's what the e-mails and attachments said:

Debbie, i have sent another update recently to Investors Provident but it sounds like it was not sent to you attached is an update but since then we have received the green light re the PSA and we are going to send them out ASAP ,it will take a while as there is around 50 pages that have to be checked and signed and there are 2 sets needed as we have around 700 to send out we are going to do a block at a time but it will be with you shortly .I am not sure which block you are in but i will send you the estimated start and completion dates we have been given.Any more questions please email me .

Estimated dates for completion:MAYFAIR START MAY 08 COMPLETE JUNE 09

ETON & OXFORD START NOVEMBER 08 COMPLETE DECEMBER 09

KENSINGTON & PARK LANE START MAY 09 COMPLETE JUNE 10

CAMBRIDGE START NOVEMBER 09 COMPLETE DECEMBER 10

also see attachment of a newsletter.

Could we let each other know if/when we start receiving the PSA's?

good news/bad news? what do you think?

Attachments

g4set

New Member

Hi Ive just recived an email from dreamhomes offering me a another apartment that has come back on the market in eaton residence a 1 bed is now £88,000 so they are still marketing the development. GP develpments informed me that I could get my deposit back less 5% costs but once the building permit is issued the price will shoot upby about 20% but I'm concered that its all a con and nothing will get built. I suggest you give them till end of may to confirm a start date and then demand your money back if nothing happens Rgs G4set

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muqarabin

New Member

Hi Ive just recived an email from dreamhomes offering me a another apartment that has come back on the market in eaton residence a 1 bed is now £88,000 so they are still marketing the development. GP develpments informed me that I could get my deposit back less 5% costs but once the building permit is issued the price will shoot upby about 20% but I'm concered that its all a con and nothing will get built. I suggest you give them till end of may to confirm a start date and then demand your money back if nothing happens Rgs G4set

sriikanth

New Member

Hi there, Just over a year ago we put down a deposit for a Studio flat in Park Views. Has anyone else bought a property in this area? It was meant to be completed by September this year (2007) but with obvious delays I don't think it's even been started. We don't get much news from the people managing the sale and we always have to contact them to get any updates. We're starting to get worried now and I was trying to find some reassurance....

My name is srikant and Ihave bought a studio in Al Jawzaa by tameer in international city phase 3 and the construction is going on in full speed I have also seen that there are a few other buildings which have started construction in that area. rest assured from now the contruction will be in full swing

S

SSM

Member

My name is srikant and Ihave bought a studio in Al Jawzaa by tameer in international city phase 3 and the construction is going on in full speed I have also seen that there are a few other buildings which have started construction in that area. rest assured from now the contruction will be in full swing

If you live nearby, would it be possible to take pictures of the Toronto and Vancouver buildings by Al Attar also in Phase III. I am concerned about the lack of activity annd would like to know if construction has started on these projects (due for completion in 2010). Unfortunately I live in the UK and have to rely on what Al Attar tell us, which is very little.

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mushtaqh12

New Member

I have also invested in Vancouver Tower and the latest update is that Al Attar's consultants are in pursue to get a NOC from Dubai government (they must have put some really useless consultants on this as this pursuing has been going on for last 6 months now) to start the construction. On the ground, there are no obvious signs that would suggest of construction getting off the ground soon apart from some fencing. Please visit 'alattar-properties's website for futher info. The website was last update in April 2007. I am also based in UK and if you get any new info. about the above tower, pls. share it on this website.

9009Ali

New Member

I am a UK investor in Vancouver Tower in IC3. I've just noticed an update on the Al-Attar site as below. I think they have received the NOC certificate but now they are awaiting Clearence from the Infastructure Contactor before the work can begin.

I recently spoke to Catherine from Al-Attar and after some swift words I discovered that they have changed the Consultants from the Canadian's to some other. I did ask for her to email me the name of the new contactor / consultant but now email received.

The site fencing and soil test has been completed. Enabling works will start after we get the clearance from the infrastructure contractor.

A new SPA will be issued as per mandated by RERA that incorporates the new Strata Law, Anticipated completion and construction dates, and Revised Payment Plan. You will be notified when your new SPA is ready.

This was Posted on the Al Attar site as of : July 10, 2008

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M.B

New Member

I have receeived this email recently from Alattar.I think we shall wait and hope for the starting:

Dear Sir,

The best option is to keep holding the unit you will not get any property at this time for the price you paid The completion of the project will be in 2010 If you are really upset of the project and want to get rid of it you can cancel the unit, we will pay you back all your instalments with 3% interest.